Zohr 1X NFW was drilled to a total depth of about 4,131 m (13,553 ft)) and hit 630 m (2,067 ft) of hydrocarbon column in a carbonate sequence of Miocene age with excellent reservoir characteristics (more than 400 m of net pay), Eni said in a news release.
A civil war that has left thousands of people dead and damaged infrastructure and the threat of rebel forces have kept potential oil and gas investors at bay.
The bill has been delayed in parliament for six years due to political wrangling and opposition by international energy companies against proposed tax and royalty terms, deterring investment into Africa’s top oil producer.
Paloch in Upper Nile state has re-emerged as the rebels’ prime target. Fighting that began in December 2013 has slashed oil output by at least a third to about 165,000 barrels per day, the Oil Ministry said.
Africa’s largest oil producer continues to endure tough market conditions and instability, which some fear could escalate as the postponed February elections arrive.
Anadarko Petroleum has decided to terminate its charter of the Dolphin Drilling drillship Belford Dolphin in September this year, with the unit currently working for the operator off east Africa’s Mozambique.
The battle to win the contract to design and build a world-class FLNG unit to be used by Eni and its partners on a mega-gas project offshore Mozambique is coming to the boil.
Various subsea equipment will be delivered throughout 2015 and 2016.
UK independent Sterling Energy has had the exploration period for two frontier blocks northwest of Madagascar extended.
The contract is for a firm charter period of 15 years with five yearly extension options exercisable by the client.
Mahdia covers 3,024 sq km and contains the El Mediouni structure. The well hit oil shows in the Ketatna (Oligo-Miocene) carbonates. The permit will be extended for three years.
Cairn plans to begin a 3-D seismic acquisition program in third-quarter 2015, and core and test three appraisal and exploration wells starting in fourth-quarter 2015.
If successful, Exxon Mobil would operate the project, according to a statement by Rosneft, Russia’s largest oil producer, on its website.
Anadarko Petroleum Corp. has no interest in selling down its stake in planned LNG project in Mozambique, CEO Al Walker said, Reuters reported. Anadarko wants to operate the multibillion-dollar project.
The well is the first in the company’s two-well exploration program in the Bomono permit area. The well, which was drilled to a total depth of 1,720 m, is being suspended as planned to enable future reentry, Bowleven said.
State energy firm Sonatrach has said it would stick to a plan to invest $90 billion over the next five years despite a crude oil price slump on global markets.
Libya produced about 1.6 million barrels a day before the 2011 rebellion that ended Muammar Qaddafi’s 42-year rule. The country is today the smallest producer in the Organization of Petroleum Exporting Countries.
Total began production from Dalia Phase 1A, a new development on its deepwater Block 17offshore Angola. The project involved seven infill wells that were tied back to the Dalia FPSO.
Production is down 38% to 65Mbbl/d, and gas exports are stopped, at Tullow’s Jubilee Field in Ghana, which accounts for most of its oil output, the company told Reuters.
Construction of the 10 million-ton-a-year LNG plant would probably be complete around 2020, said Willington Hudson, a director at state-run Tanzania Petroleum Development Corp. BG Group Plc and Statoil ASA are still drilling the fields that would feed the plant, he said.
Ophir Energy, busy pushing on with its pioneering Fortuna FLNG Block R project offshore Equatorial Guinea, expects to have farm-in deals done with potential new partners before it takes a final investment decision mid-2016.
Statoil is planning a slimmed down version of its Snøhvit subsea-to-beach development in the Barents Sea to tap the 620bcm of gas it has discovered off Tanzania.
BP and RWE Dea have finalized agreements for the $12 billion West Nile Delta project, offshore Egypt, which will cover development of 140 Bcm and 55 MMbbls of condensate.
Total's deep export production treatment hub (DEPTH) program focuses on deepwater gas and has a number of elements that include an all-electric production system.
The minimum work program for each block includes the acquisition, processing and interpretation of 300 sq km of 3-D seismic data and the drilling of one exploration well.
The award represents Wood Group PSN's first major contract in Gabon and will provide employment opportunities for about 200 Gabonese nationals, Wood Group said in a news release.
Emmanuel Kachikwu, who was appointed two weeks ago to head the state oil company, which has been accused of corruption and mismanagement, said he would remit all crude oil proceeds due to the Nigerian government and plug all revenue leaks throughout the oil sector.
The aircraft, a Sikorsky S-76C+, that was involved in the accident in Lagos, Nigeria, on Aug. 12 carried 10 passengers and a crew of two. There are six survivors and six fatalities, Bristow said in a news release.
The engineering design services involve a major flow assurance exercise using Amec Foster Wheeler’s proprietary software to identify future bottlenecks in the gas field gathering network, the company said in a news release.